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NSE Weekly Market Review – Week 35, 2020

The Kenyan bourse ended the week cumulatively on a bullish note. The benchmark All-Share Index and the NSE (NASI) increased by 6.99 points to close at 138.74, representing a 1-week gain of 5.31%, a 4-week gain of 4.14%, but an overall year-to-date loss of 16.63%. The NSE’s market capitalization was similarly higher at Kes 2.13 Trillion.

The NSE 20 share index added 69.80 points or 4.05% to close Friday at 1793.76 points, the NSE25 share index similarly posted gains, adding 173.64 points or 5.76% from last week’s close to stand at 3186.97. The NSE 20 and the NSE25 Year to date performances stand at a negative of  32.42% & 22.28% respectively.

A total of 115 million shares valued at Kes 2.75 billion were traded this week on the bourse. This is a contrast to to the 111 million shares valued at Kes 1.9 billion that exchanged hands in the previous trading week.

Safaricom Plc was the most traded company by turnover, leading the activity chart with 51.5 million shares valued at Kes 1.4 billion traded; contributing 54.40% and 44.78% to the total equity turnover and volumes traded in the week, respectively.

The Banking Sector followed with shares valued at Kes.952 million transacted, effectively accounting for 34.56% of the week’s traded value. Equity Group Holdings Plc rose by 10.62% to Kes.36.45, up from Kes.32.95 registered the previous week with shares worth Kes.356 million transacted. Stanbic Holdings up 4.70% to Kes.78.00 moved 2.69 million shares valued at Kes.202 million. KCB Group gained 8.17% to close the week at Kes.36.40 with shares worth Kes.190 million transacted.

During the week, various companies released their results, rushing against the regulatory deadlines for release of their half year results. Notably was Bamburi Plc in the construction and allied reporting a 14.3%y/y growth in EPS to KES 1.84, largely attributable to lower non-operating costs.

The NSE 20 Share index one year performance chart

The Derivatives Market of the NSE closed the week with a total of 16 contracts valued at Kes.518,000. concluded in this week’s trading session while the secondary trading on the bond market saw a rise in activity with bonds valued at Kes.24.5 billion billion achieved against the Kes 5.7 billion achieved in the previous session.